OUTSOURCING Inc. (TSE:2427) agreed to acquire Sankyo Logi Associate Co., Ltd. from Jun Ichikawa for ¥6 billion on April 1, 2022. As part of the transactions, OUTSOURCING will acquire 3,168 shares representing 100% stake in Sankyo Logi Associate. For the year ended December, 2021, Sankyo Logi Associate reported Net assets of ¥343 million, Total assets of ¥1.99 billion, Net sales of ¥10.48 billion and Operating loss of ¥35 million.

The transaction is resolved by the board of OUTSOURCING and expected to complete on April 4, 2022. The impact of this matter on consolidated financial results of OUTSOURCING for FY12/22 is negligible.